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Café Michigan's​ manager, Gary​ Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical​ observations, Gary has gathered the following​ data, which show the numbers of these coffees sold over six different price​ values:                                                                               Price Number Sold ​$2.60 760 ​$3.50 515 ​$2.10 980 ​$4.30 250 ​$3.00 315 ​$4.05 480

Café Michigan's​ manager, Gary​ Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical​ observations, Gary has gathered the following​ data, which show the numbers of these coffees sold over six different price​ values:                                                                               Price Number Sold ​$2.60 760 ​$3.50 515 ​$2.10 980 ​$4.30 250 ​$3.00 315 ​$4.05 480

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 7E
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​Café Michigan's​ manager, Gary​ Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical​ observations, Gary has gathered the following​ data, which show the numbers of these coffees sold over six different price​ values:
                                                                             
Price
Number Sold
​$2.60
760
​$3.50
515
​$2.10
980
​$4.30
250
​$3.00
315
​$4.05
480
Part 2
Using
simple linear regression
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and given that the price per cup is
​$1.85​,
the forecasted demand for mocha latte coffees will be
enter your response here
cups ​(enter your response rounded to one decimal​ place).
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